There’s been a pretty major update to condo lending guidelines—and more changes are rolling out...

If you’re thinking about buying or selling a condo anytime soon… this is one of those things you really don’t want to find out the hard way.

There’s been a pretty major update to condo lending guidelines—and more changes are rolling out all the way through January of 2027.

Now, why does that matter?

Because this isn’t just lender talk… this can literally make or break a deal.

You could be a fully qualified, write a great offer, the seller accepts—and then boom… the whole thing falls apart because the HOA doesn’t meet the new requirements.

And nobody wants to be that phone call.

Here’s the high-level version of what’s changing:

• Lenders are now taking a much closer look at HOA insurance and budgets
• By January 2027, HOAs need to be putting at least 15% into reserves—or have a solid reserve study to back things up
• Starting July 2026, HOA insurance deductibles can’t be more than $50,000 per unit
• Depending on the policy, buyers may need extra personal insurance
• And smaller projects—10 units or less—might qualify for review waivers

So yeah… a few moving pieces here.

If you own a condo—or you’re thinking about buying one—this is the kind of stuff you want to get ahead of, not react to.

Reach out. I’ll connect you with a lender who actually understands these new guidelines, and we’ll make sure you’re not walking into a deal with surprises waiting at the finish line.